TCR News Desk

Up to 60 lakh ration cards face deactivation as West Bengal links electoral deletions to PDS eligibility — and the Supreme Court says go to Calcutta HC first.

Delhi's vacation bench clears the path for a CAG audit of BSES power discoms, dismissing the company's writ challenge as "premature" — and ordering a full hearing on merits.

The Supreme Court on June 23 halted the premature release of 1993 Bowbazar blast TADA lifer Md Rashid Khan — calling it "almost terrorist activity" — just weeks after the Delhi HC set him free.

The National Stock Exchange of India has filed its Draft Red Herring Prospectus with SEBI for a landmark IPO structured entirely as an Offer for Sale of 14.89 crore equity shares, with no fresh capital to be raised by the exchange itself.

NSE/BSE-listed Crizac Limited has acquired a 37.41% minority stake in ForeignAdmits for Rs 1.25 crore (~$0.13M), deepening its push toward a full-stack international student mobility platform through the integration of ForeignAdmits' fintech and visa tools.

Hyderabad-based digital waste management platform Recykal has raised a $23M bridge round, with Ajay Parekh of Pidilite Industries leading the primary investment, as publicly reported on June 20, 2026. The round values the company at approximately $280M post-money and will fund global expansion and circular economy initiatives.

IBBI's 15 June 2026 circular issues comprehensive valuation guidelines under IBC, addressing IVS methodology ambiguities across CIRP, liquidation, PPIRP and personal guarantor proceedings.

Reliance Jio Infocomm is widely reported to be on the verge of filing its Draft Red Herring Prospectus for a $4 billion IPO — structured entirely as a fresh issue — ahead of the Reliance Industries AGM on June 19, 2026. As of June 17, no official SEBI confirmation had been publicly disclosed.

Singapore-based climate venture builder 100×100 has launched Fund II with a $100M target, aiming to build 50 new climate companies from scratch across India and Southeast Asia. Commitments for the new fund have not yet been publicly disclosed, making this an active fundraise rather than a confirmed close.

New Delhi-based influencer MarTech startup INFLUISH has closed a pre-seed round at a valuation of Rs 25 Cr (~$2.6M), backed by angel investors including Clovia co-founder Pankaj Vermani, as publicly reported.

Science-first haircare brand Xtovia has secured Rs 6.9 crore (~$730K) in a pre-seed funding round led by V3 Ventures, with backing from Consumer Collective by Atrium and a cohort of angel investors, as publicly reported on June 17, 2026.

Trilegal Advises Kimbal on $22 Million Series B Fundraise Led by GEF Capital PartnersThe Trilegal Kimbal Series B fundraise marks a significant capital milestone...